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    3-25. Finish a month earlier. - Electronic Edition

    3-25. Finish a month earlier. - Electronic Edition
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     O-B John N., whose construction journal was the first ever published on our website, said that the last month of construction was stressful because interest charges cost him $6 every hour, whether productive or not. The last month is always the highest interest month on a construction loan. Delays on John’s house were caused in part because of the self-work he planned to do but had some difficulty completing, a very common problem.

     In John’s case, he planned to do several self-work “finish” items that all fell in the last months of the schedule, creating a traffic jam for himself at the end of the project. You can speed things along if you plan your self-work carefully in advance, balance it over the duration, provide a written schedule for the entire project, and keep after all the players. You may save a thousand dollars or many thousands by bringing in your project ahead of time.

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